Log Out

Barclays PLC Increases Stock Holdings in Rollins, Inc. (NYSE:ROL)

Defense World · Jan 27, 2023 07:07

Barclays PLC increased its holdings in shares of Rollins, Inc. (NYSE:ROL – Get Rating) by 52.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,432 shares of the business services provider's stock after acquiring an additional 86,428 shares during the quarter. Barclays PLC owned approximately 0.05% of Rollins worth $8,686,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Daiwa Securities Group Inc. lifted its holdings in Rollins by 7.3% during the third quarter. Daiwa Securities Group Inc. now owns 14,879 shares of the business services provider's stock worth $516,000 after acquiring an additional 1,013 shares during the period. Hartford Investment Management Co. lifted its holdings in Rollins by 2.1% during the third quarter. Hartford Investment Management Co. now owns 22,159 shares of the business services provider's stock worth $768,000 after acquiring an additional 446 shares during the period. Cim LLC lifted its holdings in Rollins by 3.4% during the third quarter. Cim LLC now owns 27,503 shares of the business services provider's stock worth $1,161,000 after acquiring an additional 900 shares during the period. PGGM Investments bought a new stake in shares of Rollins in the third quarter valued at $3,344,000. Finally, Kestra Advisory Services LLC raised its stake in shares of Rollins by 3.5% in the third quarter. Kestra Advisory Services LLC now owns 24,442 shares of the business services provider's stock valued at $848,000 after buying an additional 817 shares during the period. 38.98% of the stock is currently owned by institutional investors.

Get Rollins alerts:

Insider Activity

In other news, insider Elizabeth B. Chandler sold 7,871 shares of Rollins stock in a transaction on Friday, November 4th. The stock was sold at an average price of $42.41, for a total value of $333,809.11. Following the completion of the transaction, the insider now directly owns 93,016 shares in the company, valued at $3,944,808.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 53.10% of the stock is owned by company insiders.

Rollins Price Performance

Shares of NYSE ROL opened at $36.14 on Friday. The stock has a market cap of $17.80 billion, a PE ratio of 51.63 and a beta of 0.65. Rollins, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $43.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.73 and a current ratio of 0.78. The stock has a fifty day moving average of $37.92 and a 200-day moving average of $37.40.

Rollins (NYSE:ROL – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The business services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $729.70 million during the quarter, compared to analysts' expectations of $713.55 million. Rollins had a return on equity of 30.96% and a net margin of 13.12%. Equities research analysts anticipate that Rollins, Inc. will post 0.73 earnings per share for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 10th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, February 9th. Rollins's dividend payout ratio (DPR) is presently 74.29%.

Analyst Ratings Changes

ROL has been the topic of several research reports. Wells Fargo & Company boosted their target price on Rollins from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday, October 27th. Jefferies Financial Group initiated coverage on Rollins in a research note on Tuesday, October 25th. They issued a "hold" rating and a $36.00 target price on the stock. Finally, StockNews.com upgraded Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, October 27th.

About Rollins

(Get Rating)

Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.